$DOG submits Coinbase listing application, sparking market discussion
TL;DR
$DOG (Bitcoin Rune Protocol Token) officially submitted its spot listing application to Coinbase on October 16, 2025, following a newly launched "blue carpet" free review process. Despite strong community sentiment, market reaction has been relatively muted, with the current price around $0.0017, essentially flat compared to pre-application levels. While technical analysis suggests a lack of sustained bullish momentum, the community's "DOG Army" has demonstrated strong organizational skills and optimistic expectations.
Core Analysis
Listing application details
Application process : $DOG applied through Coinbase's "Blue Carpet" program, launched on October 15, 2025, which provides a free, merit-based review process that prioritizes transparency over paid promotion .
Application Representative : Leonidas (@LeonidasNFT), a well-known rune ecosystem advocate, submitted an application on behalf of the "DOG Legion " community, emphasizing the fair airdrop distribution of $DOG (100% free distribution to 112K+ ordinal holders in April 2024) and the native security of Bitcoin.
Key timelines :
- October 15, 2025 : Coinbase announces the Blue Carpet Program, providing a fast-track review channel for Bitcoin ecosystem projects like $DOG.
- October 16, 2025 : Application formally submitted, community mobilized for support
- October 24, 2025 : Coinbase confirms receipt of application, establishes direct communication channel, and review is in progress
Current Status : Audit in progress. Coinbase has confirmed fair treatment, but has not provided a timeline. $DOG price tracking is available in the Coinbase app, but trading is not yet available.
Market performance analysis
| index | Current value | 24-hour changes | 7-day changes | Remark |
|---|---|---|---|---|
| price | $0.001730 | +4.14% | +10.24% | The price is basically stable after application |
| Market capitalization | $173 million | +4.14% | +10.24% | Fixed supply of 100 billion |
| 24-hour trading volume | $3.01 million | -9.93% | N/A | Falling from the peak |
| Historical Highest Price | $0.0099 | -82.52% | N/A | Recorded in December 2024 |
Price Impact Assessment : $DOG experienced a brief surge following the announcement of the listing application, but this price lacked sustained momentum. The current price is over 80% below its 2024 peak, reflecting a cooling of the overall memecoin sector. Trading is primarily concentrated on centralized exchanges such as Gate.io and MEXC.
Technical Analysis Overview
| Timeframe | trend | RSI(14) | MACD | Key resistance | Key support |
|---|---|---|---|---|---|
| Daily Line | Bearish | 41.4 | Bearish | $0.00178 | $0.00135 |
| 4 hours | Neutral with a slight decline | 47.2 | Bearish | $0.00171 | $0.00161 |
Technical Signals : Despite short-term buying on the filing news, technical indicators lack breakout momentum. The RSI is in neutral to weak territory, while the MACD histogram is negative, and the price remains trapped in a descending channel.
Trading suggestions :
- Bullish scenario : A daily close above $0.00178 is needed on strong volume.
- Bearish scenario : A break below the $0.00161 support level could test $0.00135
Community sentiment analysis
Key opinion leaders' views
Leonidas (@LeonidasNFT) : As a major advocate, he emphasized that Coinbase has established direct communication channels and adopted a fair "blue carpet" review process. He also avoided excessive hype and emphasized compliance and community representation.
Community KOL : Influencers such as @cryptolution101 celebrated the application submission as a breakthrough, emphasizing that this is the first time that a Rune Protocol token has applied to a major exchange . Overall sentiment is positive, but expectations remain reasonable.
Community activities and participation
Organized outreach : The "DOG Army" launched a grassroots campaign, tagging Coinbase executives (@brian_armstrong, @jessepollak) and calling for a IPO. The campaign was well-coordinated but not spammy, emphasizing user needs and transparency .
Participation data :
- Key tweets received over 1.3 million impressions
- The community's monthly X platform mentions reached 960,000 times
- The main tweet had a high engagement rate (1,366 likes, 606 retweets)
Overall sentiment assessment
Positive themes : Excitement about legitimacy positions $DOG as a top Bitcoin meme coin worthy of inclusion on major exchanges. Strong community solidarity (#DOGArmy) and optimism about liquidity growth.
Caution : Minimal FUD; the few skeptical voices were actively addressed by the community, emphasizing long-term holding and resilience.
Overall sentiment : Strong optimism, high community cohesion, and positive forward-looking expectations. The outlook is seen as promising due to Coinbase's openness, but realistic expectations regarding timelines remain.
in conclusion
$DOG's Coinbase listing application represents a significant step toward mainstream adoption for the Rune Protocol token. While the short-term market reaction has been muted and technicals lack breakout momentum, strong community support, a fair token distribution mechanism, and the backing of Coinbase's "Blue Carpet" program provide a positive foundation for the long-term outlook. If approved, it is expected to significantly increase liquidity and provide opportunities for price revaluation. Investors should monitor review progress and technical breakthrough signals, while remaining mindful of the inherent high volatility risk of memecoins.